Rajah & Tann Singapore acted for Link Real Estate Investment Trust (“Link REIT”) in its first acquisition in Singapore – the approximately S$2.161 billion acquisition of suburban retail assets, Jurong Point and Swing By @ Thomson Plaza, from Mercatus Co-operative Limited, a subsidiary of NTUC Enterprise Co-operative Limited. The acquisition provides Link REIT with a strong foothold in Singapore and the opportunity to build in-market capability.
The firm is also advising Link REIT on its 10-year asset and property management of AMK Hub which will remain under the ownership of Mercatus, and the retention of employees for the management of Jurong Point, Swing By @ Thomson Plaza and AMK Hub.
The deal is led by Partners Evelyn Wee (Capital Markets), Benjamin Tay (Corporate Real Estate) and Loh Chun Kiat (M&A). They were assisted by Partners Chen Xi (Capital Markets), Elsa Chai (Corporate Real Estate), Lina Chua (Corporate Real Estate), Kala Anandarajah (Competition & Antitrust), Anne Yeo (Investment Funds), Benjamin Cheong (TMT), and Vikna Rajah (Tax).
